What was the total value of Carls' total assets as of January 31, 2023?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
ccounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Nashville, Tennessee April 10, 2024
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
(In thousands, except shares and par values)
| ASSETS Current assets: $ 130,566 $ 107,853 Cash and cash equivalents 15,942 16,053 Cash and cash equivalents - restricted 38,438 37,541 Accounts receivable, net 3,029 2,999 Inventories 13,562 6,183 Prepaid expenses 80 83 Other current assets 201,617 170,712 Total current assets 377,436 371,572 Property and equipment, net 424,719 448,064 Operating lease assets 539,421 540,083 Goodwill 777,538 793,030 Intangible assets, net 40,485 29,806 Other assets, net $ 2,361,216 $ 2,353,267 Total assets LIABILITIES AND EQUITY Current liabilities: $ 11,800 $ 13,700 Current portion of long-term debt 1,515 1,268 Current portion of finance leases 79,623 85,529 Current portion of operating leases 23,855 28,159 Accounts payable 71,641 66,753 Other curre
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the company's total assets as of January 31, 2023, were $2,353,267. This figure represents the sum of all resources owned by Carls, including cash, accounts receivable, property, equipment, goodwill, and intangible assets.
For a prospective franchisee, this number provides a snapshot of the financial health and scale of Carls. A higher asset value can indicate a more stable and established franchise system. It is important to note that this is a historical figure and may not be indicative of future performance.
When evaluating this information, potential franchisees should also consider the liabilities and equity sections of the balance sheet to gain a comprehensive understanding of Carls's financial position. Reviewing several years of financial statements can reveal trends and provide a more informed perspective on the company's financial stability and growth.